Home Loan in Geelong

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Why use a broker , Why not bank?

Firstly, it’s hard for most people to choose. Which bank? Which product? What about building societies and credit unions? There is just so much choice.

There are a lot of options out there, and with the Reserve Bank often moving official interest rates and banks able to move their rates independently, it’s an ever-changing market. Not to mention all the new products that are constantly being introduced.

With choice comes complexity. It can get tricky to navigate through it all. And it can take a lot of your time (and sanity sometimes too).

A mortgage broker will steer you through the complexities to find a loan that suits your needs and not the need of just one particular bank. We then deal with the lender and help manage the application process on your behalf through to approval.

That’s why a broker makes sense. We do this day in and day out. We know the lenders and their products, and we’re up-to-date with changes when it comes to lender policies, products and their different lending appetites. We help choose what’s right for you.

Banks enjoy working with brokers, as we do a lot of the banks’ work for them and making their jobs much easier, and may help speed up the application process and get you the top-notch customer service you deserve.

In the simplest terms, having a broker in your corner makes finding the right loan easier and can save you time, stress and hopefully, money.

  August 19, 2018
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Refinance and Save

The old saying a change is a good as holiday couldn’t be truer when it comes to refinancing your current home loans. Reviewing your loans and making a change could actually mean you can afford that holiday after all.

For many borrows the idea of refinancing is daunting and often put in the too hard basket. That’s why engaging the services of a mortgage broker can not only help ease the pain but also ensure you save as much money as possible. Often a simple refinance can save you thousands per annum in interest payments. Now surely that is worth the effort?

The nature of lenders is that they reward new customers and forget about their existing ones. That’s why if you’ve had your current loans for a couple of years now there is a high chance your rate could be as much as 1% or higher above the current market. On a $500,000 loan that could be a potential saving of over $5,000pa in interest repayments – Aloha Hawaii!

Refinancing is also a good time to review your entire financial structure, consider that renovation, new car or book that holiday.

So don’t put it off any longer.

  August 19, 2018
Blog

The Rise of Brokers

Call us biased but we think mortgage brokers play a very important part of the Australian mortgage industry. And each year more and more borrowers agree. Mortgage brokers now account for just over half of all new home loans in Australia.

The reasons to utilise the services of a broker are obvious as we work for you the borrower, not the lenders. Brokers are totally independent and have a wide range of lenders to choose from in order to find the best loan for the customer’s needs. We also negotiate interest rates on your behalf to ensure you are always getting the best deal. The other benefit for borrowers is that the services of a mortgage don’t cost them anything as we are renumerated by the lenders.

Brokers don’t only assist customers with new lending either. Refinances and existing loan reviews are a very important part of what we do. This way we always ensure you are getting the best possible deal in the market place. If your existing rate is just 1%pa above the current best offer in the market, on a $400,000 loan you could be paying $4,000pa too much.

Mortgage brokers specialise in ensuring you are not paying more than you should. So if you haven’t engaged the services of a broker in the past then why not?

  August 19, 2018

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